Question:
Income disparity can be measured by
(1) the difference between GDP and GNI.
(2) the Gini coefficient.
(3) the growth rate in Real GDP.
(4) national poverty line.
(5) Per Capita income.
Correct Answer:
(2)
Answer Explanation:
The Gini coefficient (or Gini index) is the standard statistical metric used by economists to measure income disparity (inequality) within a nation’s population. It ranges from 0 (perfect equality) to 1 (perfect inequality).
Topic: Poverty & Inequality Year: 2018
Leave a Reply